The 2020 Union Budget of India has proposed the latest income tax rules. This article describes the new income tax regime 2020 and its effect on Payroll Processing. Taxpayers can choose any of the two tax options – the old tax regime or the new tax regime. What will you choose? Old Tax Regime: Higher […]
Are you ready to take up a remote work model and safeguard your employees from COVID-19? If yes, then move your HR on cloud and manage remote teams efficiently while maintaining business continuity. Rapid spread of Coronavirus has urged companies to implement a work-from-home model. The urgent need to manage remote teams has come alive […]
As we near the end of this year, it’s time to watch out for emerging HR trends in 2020. According to Forrester, more than 47% of interviewed executives believe that by 2020, technology will have an impact on more than half of their sales as well as the future workplace trends. Organizations will focus on […]
Income tax e-filing of Income from other sources is vital. This may be tax free and include investments, selling of property etc. Learn how to declare such income in ITR-1 For the latest income tax rules on new tax regime, visit New Income Tax Regime 2020 and Its Effect on Payroll Processing Indian Income Tax […]
Do you have questions on how, when and where 24Q form filing is done? Here is a quick guide on TDS return filing. CBDT had extended the due date of 24Q form filing for FY 2018-19 from 31st of May, 2019 to 30th of June, 2019. What is Form 24Q? At the time of paying […]
Exit Management or employee offboarding is a process to manage the full and final settlement of employees when they exit from an organization. When an employee resigns, retires or is being terminated from work, the required paperwork and formalities associated with employee exit need to go through a systematic process. Exit interview, clearance from various […]
Strategic retention has become more important than ever in today’s competitive job market. Many HR professionals have turned to powerful software solutions to help them stay ahead. With the swiftly evolving nature of artificial intelligence and the push towards cloud-based platforms, technologists would argue that HR software is becoming a necessity. That being said, the […]
Selecting a suitable HR software vendor can be a challenging and overwhelming task. While making the right choice of the HR solution, keep functionality, usability, operational effectiveness and return on investment in mind. Besides time and cost saving, ensure that you pick a software that aligns with your objectives and adds significant value to your […]
In the past, HR department has focused mainly on automation of processes and integrated solutions. With the changing dynamics at workplace, the emphasis is now more on improving Employee Experience (EX) and keeping the workforce motivated and satisfied. Higher productivity, better workforce engagement and empowerment of employees with overall improved EX have taken a strong […]
I was at the recently concluded HR Tech Conference in Las Vegas and with 100s of HR Tech vendors, all the leading consultants and senior HR practitioners, it was quite an event. On speaking with a number of vendors and viewing product demos, I was pleasantly overwhelmed with the features and depth and breadth of […]
The case study is about a legal firm that provides vast array of financial and advisory services to huge clientele, including MNCs, banks, government agencies and other businesses. With a diverse team consisting of 15 partners, more than 700 employees, 150 Chartered Accountants and other domain experts, the company is committed to offer excellent Accounting, […]
Let’s start with the universally accepted principle that configurability, like the rest of the “abilities” relative to HCM systems — usability, scalability and inter-operability — are the hardest aspects of a product offering to dramatically improve. These platform attributes (vs. features) consequently should be front and center when evaluating prospective HR technology, because if high […]
“Empxtrack turned out to be the perfect solution for our business as we aimed to introduce a more formal and streamlined annual goal-setting and performance evaluation process in 2018. It is simple to set up, requires minimal time and effort to administer, and user-friendly for our employees. In addition, the customer service team is highly […]
Naysayers are the first to point out the disadvantages of HRM software: how it is costly, how using it does not have any discernible benefits, and many other uninformed complaints which are rooted in hearsay rather than in fact. But using a Human Resources Management software is slowly coming into vogue. More and more organizations […]
A one-size-fits-all HR software is designed and developed to meet the basic needs of any business. However, organizations require unique solutions to cater to specific problems and needs of their people and business. Thus, there is a growing requirement for cloud based customized HR software that can be personalized and map to the existing processes […]
Empxtrack Free Payroll and HR Software Start Now ! This case study is about a leading U.S. based IT company with more than 2,500 employees. The company offers a wide range of technology solutions, including Mobile Services, IoT & Analytics, Digital Strategy, Brand and Marketing, Cloud & Managed Services, and more. THE CHALLENGE The client […]
Payroll is a complex process that becomes more challenging with a company’s unique processes, compliance issues, varying allowance and deductions and with constantly changing legislation. This, often puts businesses at a risk as there is so much at stake in terms of penalties, additional scrutiny and reputation of the company. Many organizations manage this process […]
Gen Z – The True Digital Natives Who Use Technology as Their Superpower Technology Savvy. Spontaneous. Emotionally Intelligent. Digital Natives. Practical. All these terms define Generation Z, or iGen, and their behaviour. In a Forbes post, Gen Z has been referred as Post-Millennial generation categorizing people born from the mid-1990s to early 2000s, comprising of […]
This year, Finland grabbed top position in the list of world’s happiest countries, followed by Norway, Denmark, Iceland and Switzerland. On March 14th, 2018, the Sustainable Development Solutions Network for the United Nations released the World Happiness report giving top ranks to the happiest countries in the world. According to the report, countries were ranked […]
Internet of Things (IoT) As defined by Wikipedia, the Internet of Things (IoT) is the network of physical devices, vehicles, home appliances and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these objects to connect and exchange data. Each thing is uniquely identifiable through its embedded computing system and can inter-operate […]
